Zurcher Kantonalbank Zurich Cantonalbank Buys 1,397 Shares of Curtiss-Wright Corporation (NYSE:CW)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,771 shares of the aerospace company’s stock after purchasing an additional 1,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Curtiss-Wright were worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Curtiss-Wright by 98.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock valued at $1,163,000 after buying an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Curtiss-Wright by 100.4% in the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock valued at $362,000 after buying an additional 571 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Curtiss-Wright during the 1st quarter valued at $240,000. Janney Montgomery Scott LLC lifted its position in shares of Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Curtiss-Wright in the first quarter worth $206,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares of the company’s stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Down 1.2%

Shares of NYSE CW opened at $490.15 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $471.62 and a 200-day moving average of $385.74. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 3.12 and a beta of 1.15. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $499.30.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the business posted $1.99 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were paid a $0.24 dividend. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright’s payout ratio is currently 8.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on CW shares. Truist Financial decreased their price objective on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Stifel Nicolaus upped their price target on Curtiss-Wright from $365.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, July 21st. Citigroup increased their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Finally, Morgan Stanley upped their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $467.14.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.